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LONDON - Guardian Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic mineral exploration and development company, has announced the exercise of warrants that will result in the issuance of 1,027,748 new ordinary shares, generating £174,717.16 in additional capital for the company. These shares, priced at 17p each, will be admitted for trading on the AIM market, with expectations for the admission to take place on or around May 1, 2025.
The exercise of these warrants is a part of the company’s funding strategy, aimed at bolstering its exploration and development activities in Nevada, United States. The new shares, upon admission, will be on equal footing (pari passu) with the existing ordinary shares currently traded on AIM.
Following the admission of the Warrant Shares, Guardian Metal’s issued share capital will increase to 130,881,879 ordinary shares of 1p each. This figure will also represent the total voting rights in the company, which shareholders can use as a basis to determine if they need to disclose changes in their stake as per the Financial Conduct Authority’s Disclosure and Transparency Rules.
This financial move is part of Guardian Metal’s ongoing efforts to support its operational activities and growth plans. The company’s focus on strategic mineral exploration and development in Nevada positions it within a significant mining region, known for its rich mineral reserves.
The information regarding the warrant exercise and the subsequent share admission is based on a press release statement issued by the company. Guardian Metal has engaged Cairn Financial Advisers LLP as its Nominated Adviser and Shard Capital Partners (WA:CPAP) LLP as the Lead Broker for this process.
Investors and stakeholders can anticipate the additional shares to be traded on AIM from early May, which will potentially provide Guardian Metal with more flexibility to pursue its strategic objectives in the mining sector.
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